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Considering how few world currencies are less stable than BTC this doesn't make a lot of sense. Plus if you have the ability to turn arbitrary currency X into
by greenthrow 4y ago
Considering how few world currencies are less stable than BTC this doesn't make a lot of sense.
Plus if you have the ability to turn arbitrary currency X into BTC, you can certainly change it into USD, which is far more stable than BTC. So, nope. This is not a good use for BTC.
- stickfigure 4y agoHow does a Zimbabwean convert ZWR to USD? How does a Venezuelan convert bolivars to USD?
- maria2 4y agoThey usually go to a black market currency dealer and keep the money under their mattress, or at least that's how they did it in the USSR.
- WeylandYutani 4y agoThere are unofficial "shadow banks" that are run by powerful people with criminal and corrupt politician's backing. With enough time passing you have an entire underground economy- conveniently denominated in dollars.